All Forum Posts by: Shane Maddux

@Klint Ruud I will hit you up so we can talk more.

@Zachary Beach That's awesome, I would love to talk to you more in depth about it and maybe even meet up.

@Courtney M. Sorry to hear that for your friends. Property manager and the system you have in place make or break your investment.

@Jinhee Hann

Those are factors to think about as some people think this is a real estate bubble. I do believe as far as places of destination for vacations Big Bear is a good location, as I know many people in Los Angeles that go every year. 

How Accurate was the results AirDNA gave you compared to the results youve had so far?

Do you know if this is required in Big Bear city as well? The places I've recently stayed at did not greet me in person

Would love to message you and talk more about this.

@Greg Seivert  Thanks for the Tip! I was unaware Booking.com did those listings.

@Eric Wong

I think there is still money to be made pending you work the right deal and make your STR unique from others. The major money eater is the requirement for a property manager in that area( if you don't reside relatively close), which from what I've read is roughly 25-30%. I stayed at a property with 4 2 story buildings( roughly 1000sq ft each building) all with units on top and bottom, all booked at $500 that night. So the owner paid her mortgage for the month In one night. That's what really drew my interest to investing in the area.

@Aseel Yerunkar

Thanks for the response Aseel, I agree you should always have a plan B to shift to. I definitely plan on doing further research on which area (Arrowhead or Big bear) would be an easier area to transition to LTR if need be.

Hey Everyone,

I live in the Los Angeles area and I am looking in to STR Market of Big Bear and looks to have a lot of upside. Price of Homes Vs. Potential Profit. I am looking to invest in a 2/3 BD Cabin. Looking for feedback on STR's in the area. Tips in operation of STR's in general would be much appreciated. I would like to go to the property physically only once a month or so.

What are the average costs of Property management on an STR?

Average Vacancy rate in Big Bear Area Air BnB/Vrbos?

Local Laws to be aware of?( Heard of city policy requiring physical presence during check-in)

Any downside to listing on both Vrbo and AirBnb?

Thanks,

Shane

@Terry Harris

I’m definitely interested. I am a new investor and currently looking to househack a multi family in the Long Beach area. Let me know if you decide to do the meetup.